Exxon Mobil to receive 6M barrels oil from reserve

StephanieI. Cohen

WASHINGTON (MarketWatch) -- Exxon Mobil Corp.
XOM, +0.07%
will receive a loan of 6 million barrels of crude oil from the nation's emergency stockpiles, the Energy Department said Thursday. Exxon Mobil requested 3 million barrels of "sweet" crude oil and 3 million barrels of "sour" crude oil from the Strategic Petroleum Reserve located in the Gulf of Mexico, the Energy Department said. The crude oil will be loaned from the SPR under a "short-term contractual agreement" and Exxon Mobill will be required to return supplies to the reserve later.

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